# Tether Gold review: Trust Score 70/100 (Solid)

Source page: https://vaultx.llc/reviews/tether-gold · independent VaultX review by Rex · updated 2026-11-08

Gold-backed token with large reported reserves and no XAUT-specific regulator warnings found; audits are attestations

Tether Gold (XAUT) is presented as a token backed 1:1 by physical gold bars, issued through TG Commodities, S.A. de C.V. and marketed by Tether. Reported reserves grew to about 25.7 tonnes and roughly $3.44 billion by Q3 2026 according to third-party coverage, and the token has listed on several exchanges and on BNB Chain. The research found no XAUT-specific regulator warnings, lawsuits, or hacks, but the assurance is a quarterly attestation rather than a full audit, and no individual founders or executives are named.

**Red flags**
- No named individual founder, executive, or product lead for XAUT in the official sources reviewed
- Assurance is described as quarterly attestations and independent reserve checks, not a full annual audit
- Reserve figures from different dates conflict (about $4bn in Jan 2026, $3.3bn in Q1 2026 per Cointelegraph, $3.44bn in Q3 2026); the sources use different methodologies
- The issuing entities were the subject of a 2021 CFTC order over misleading statements about USDT reserves; that order concerns USDT, not XAUT
- Ketju and 8Blocks, as cited in the research notes, flag design and custody risks and centralized contract controls

**Green flags**
- Physical reserves reported to be stored in bars, with reserve growth to about 25.7 tonnes by Q3 2026 per third-party reporting
- Independent third-party sampling of bars each quarter, per Tether's description and COINOTAG's report of a BDO review
- No XAUT-specific regulator warnings, enforcement actions, class actions, or court cases found in the research
- No hacks, smart-contract exploits, or redemption failures tied to XAUT found in the research
- Product has shipped and is listed on multiple exchanges and chains

**Sources**
- Tether Gold FAQ https://gold.tether.to/faq
- Tether product page (XAUT) https://tether.to/en/tetht-gold-xaut/
- Tether: XAUT launches on Maxbit https://tether.io/news/tether-gold-xaut-launches-on-maxbit-introducing-tokenized-gold-to-thailands-digital-asset-market/
- Tether: XAUT available on Mobee https://tether.io/news/tether-gold-xaut-is-now-available-on-mobee-expanding-tokenized-gold-access-in-indonesia/
- Tether: XAUT update and El Salvador regulation https://tether.io/news/xaut-update-upgrade-completed/
- Tether: Q1 2025 attestation and reserves https://tether.io/news/tether-reports-xaut-grows-amid-shifting-monetary-landscape-releases-its-first-attestation-for-q1-2025-more-than-7-7-tons-of-physical-gold-backing-the-token-in-circulation/
- Tether: XAUT surpasses $4 billion https://tether.io/news/tether-gold-accounts-for-more-than-half-the-entire-gold-backed-stablecoin-market-as-xaut-surpasses-4-billion-in-value/
- Tether: reserves grow 59% to $3.44bn https://tether.io/news/tether-gold-reserves-grow-59-since-year-end-as-xaut-backing-reaches-record-us-3-44-billion/
- Tether: XAUT Shariah certification https://tether.io/news/xaut-tethers-gold-backed-digital-asset-receives-shariah-certification-unlocking-new-pathways-for-islamic-banks-institutions-and-individuals-worldwide/
- Tether Gold on BNB Chain https://www.bnbchain.org/en/blog/tether-gold-xaut-launches-on-bnb-chain
- Binance spot listing announcement https://www.binance.com/en/square/post/305700078810802
- CoinGecko: Tether Gold https://www.coingecko.com/en/coins/tether-gold
- Forbes: Tether Gold https://www.forbes.com/digital-assets/assets/tether-gold-xaut/
- Bybit: What is Tether Gold https://www.bybit.com/en/learn/stablecoin/what-is-tether-gold-xaut
- Token Terminal: Tether XAUT https://tokenterminal.com/explorer/projects/tether/xaut/metrics/asset-apy
- CoinMarketCap: Tether Gold https://coinmarketcap.com/currencies/tether-gold/
- CoinW partnership (GlobeNewswire) https://www.globenewswire.com/news-release/2026/11/02/3393655/0/en/tether-partners-with-coinw-to-redefine-digital-asset-value-anchors.html
- Cointelegraph: Tether Gold tops $3.3bn https://cointelegraph.com/news/tether-gold-tops-33b-as-demand-for-bullion-backed-tokens-rises
- Kitco: Tether trims gold reserves http://www.kitco.com/news/article/2026-11-03/tether-trims-gold-reserves-3-tons-analysts-remain-bullish-long-term-demand
- Ketju research: Tether Gold https://ketjuresearch.com/register/tether-gold/
- CFTC press release: Tether and Bitfinex fines (2021) http://cftc.gov/PressRoom/PressReleases/8450-21
- StableRegistry: XAUT regulations https://stableregistry.com/stablecoins/xaut/regulations/

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